12/07/2018 - Bilateral meeting between EFRAG and ASBJ
Representatives of EFRAG and the Accounting Standards Board of Japan (ASBJ) met on 11 July 2018, in Brussels, Belgium. Both provided updates on their respective activities and
exchanged views on the opportunities for cooperation.
The discussion focused on pensions, alternative measures for equity instruments, virtual currencies and goodwill. Both parties also exchanged views on the International Accounting Standards Board's (IASB) research projects, including financial instruments with characteristics of equity, primary financial statements and principles of disclosure.
Andrew Watchman, EFRAG TEG Chairman and CEO, said, "we greatly value the enduring strong relationship between EFRAG and the ASBJ. Dialogue with national standard setters beyond Europe is a key driver of global harmonisation in financial reporting. This week's bilateral discussions revealed that our organisations have similar views in many topical areas and have laid the ground for successful future collaboration."
Yukio Ono, Chairman of the ASBJ, stated, "it was very meaningful for us to be able to develop better understanding regarding issues of our interest and respective views on such issues through the discussions in this meeting. I am convinced that productive discussions with EFRAG contribute to high-quality global financial reporting and look forward to future opportunities for cooperation."
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